Policy guidelines on the Centre's "Scheme to Promote Manufacturing of Electric Passenger Cars in India" (SPMEPCI), which include provisions for reduced customs duties on imported cars if there is a concomitant investment commitment in India, are expected to come by September, according to officials.
According to government officials working on the scheme, the portal for original equipment manufacturers (OEMs) to submit applications will open only after the guidelines are released.
"We are finalising the guidelines, which will take around two months," an official told Business Standard.
The scheme provides a window of 120 days or more from the date of its notification to receive applications.
The notification for the scheme was issued on March 15, 2024. "Applications will be invited within 120 days (or more) of notification of this scheme," the scheme notification said.
Officials say the delay in releasing the guidelines is because of the Lok Sabha elections and Budget preparations. "The policy guidelines do not have a deadline," an official said.
However, industry executives suggest the delay is because of a lacklustre response to the scheme from automakers. "Tesla ghosting the government is the reason for this delay. The government will release the guidelines only after getting the nod from Elon Musk (Tesla chief)," an industry executive said.
Top government officials say Tesla is silent on its proposed participation in the flagship scheme. Department for Promotion of Industry and Internal Trade Secretary Rajesh Kumar Singh on Thursday said "the tweet after the election is the last we have heard from Tesla".
The scheme allows reduced import remain unchanged. duty for interested electric-vehicle makers to 1...
According to government officials working on the scheme, the portal for original equipment manufacturers (OEMs) to submit applications will open only after the guidelines are released.
"We are finalising the guidelines, which will take around two months," an official told Business Standard.
The scheme provides a window of 120 days or more from the date of its notification to receive applications.
The notification for the scheme was issued on March 15, 2024. "Applications will be invited within 120 days (or more) of notification of this scheme," the scheme notification said.
Officials say the delay in releasing the guidelines is because of the Lok Sabha elections and Budget preparations. "The policy guidelines do not have a deadline," an official said.
However, industry executives suggest the delay is because of a lacklustre response to the scheme from automakers. "Tesla ghosting the government is the reason for this delay. The government will release the guidelines only after getting the nod from Elon Musk (Tesla chief)," an industry executive said.
Top government officials say Tesla is silent on its proposed participation in the flagship scheme. Department for Promotion of Industry and Internal Trade Secretary Rajesh Kumar Singh on Thursday said "the tweet after the election is the last we have heard from Tesla".
The scheme allows reduced import remain unchanged. duty for interested electric-vehicle makers to 1...
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Business Standard (Digital) - 1 Issue, July 09, 2024